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Bergs Timber AB (OSTO:BRG B) Asset Turnover : 0.28 (As of Sep. 2023)


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What is Bergs Timber AB Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Bergs Timber AB's Revenue for the three months ended in Sep. 2023 was kr777 Mil. Bergs Timber AB's Total Assets for the quarter that ended in Sep. 2023 was kr2,740 Mil. Therefore, Bergs Timber AB's Asset Turnover for the quarter that ended in Sep. 2023 was 0.28.

Asset Turnover is linked to ROE % through Du Pont Formula. Bergs Timber AB's annualized ROE % for the quarter that ended in Sep. 2023 was -4.35%. It is also linked to ROA % through Du Pont Formula. Bergs Timber AB's annualized ROA % for the quarter that ended in Sep. 2023 was -2.77%.


Bergs Timber AB Asset Turnover Historical Data

The historical data trend for Bergs Timber AB's Asset Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Bergs Timber AB Asset Turnover Chart

Bergs Timber AB Annual Data
Trend Aug13 Aug14 Aug15 Aug16 Aug17 Aug18 Dec19 Dec20 Dec21 Dec22
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.56 0.99 1.09 1.52 1.37

Bergs Timber AB Quarterly Data
Aug18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Asset Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.27 0.25 0.29 0.30 0.28

Competitive Comparison of Bergs Timber AB's Asset Turnover

For the Lumber & Wood Production subindustry, Bergs Timber AB's Asset Turnover, along with its competitors' market caps and Asset Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Bergs Timber AB's Asset Turnover Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Bergs Timber AB's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Bergs Timber AB's Asset Turnover falls into.



Bergs Timber AB Asset Turnover Calculation

Asset Turnover measures how quickly a company turns over its asset through sales.

Bergs Timber AB's Asset Turnover for the fiscal year that ended in Dec. 2022 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2022 )/( (Total Assets (A: Dec. 2021 )+Total Assets (A: Dec. 2022 ))/ count )
=3267/( (2316+2467)/ 2 )
=3267/2391.5
=1.37

Bergs Timber AB's Asset Turnover for the quarter that ended in Sep. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Sep. 2023 )/( (Total Assets (Q: Jun. 2023 )+Total Assets (Q: Sep. 2023 ))/ count )
=777/( (2830+2650)/ 2 )
=777/2740
=0.28

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Companies with low profit margins tend to have high Asset Turnover, while those with high profit margins have low Asset Turnover. Companies in the retail industry tend to have a very high turnover ratio.


Bergs Timber AB  (OSTO:BRG B) Asset Turnover Explanation

Asset Turnover is linked to ROE % through Du Pont Formula.

Bergs Timber AB's annulized ROE % for the quarter that ended in Sep. 2023 is

ROE %**(Q: Sep. 2023 )
=Net Income/Total Stockholders Equity
=-76/1748.5
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-76 / 3108)*(3108 / 2740)*(2740/ 1748.5)
=Net Margin %*Asset Turnover*Equity Multiplier
=-2.45 %*1.1343*1.5671
=ROA %*Equity Multiplier
=-2.77 %*1.5671
=-4.35 %

Note: The Net Income data used here is four times the quarterly (Sep. 2023) net income data. The Revenue data used here is four times the quarterly (Sep. 2023) revenue data.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

** The ROE % used above is for Du Pont Analysis only. It is different from the defined ROE % page on our website, as here it uses Net Income instead of Net Income attributable to Common Stockholders in the calculation.

It is also linked to ROA % through Du Pont Formula:

Bergs Timber AB's annulized ROA % for the quarter that ended in Sep. 2023 is

ROA %(Q: Sep. 2023 )
=Net Income/Total Assets
=-76/2740
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-76 / 3108)*(3108 / 2740)
=Net Margin %*Asset Turnover
=-2.45 %*1.1343
=-2.77 %

Note: The Net Income data used here is four times the quarterly (Sep. 2023) net income data. The Revenue data used here is four times the quarterly (Sep. 2023) revenue data.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Therefore, it is a good sign if a company's Asset Turnover is consistent or even increases. If a company's asset grows faster than sales, its Asset Turnover will decline, which can be a warning sign.


Bergs Timber AB Asset Turnover Related Terms

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Bergs Timber AB (OSTO:BRG B) Business Description

Traded in Other Exchanges
N/A
Address
Vastra Tradgardsgatan 15, Stockholm, SWE, 111 53
Bergs Timber AB is engaged in the production and sale of sawn and processed timber products. The company manufactures gardening products, windows, doors, and prefabricated houses, and a facility for rot-proofing wood in Sweden. The company operates in three business segments: Wood Protection, Joinery, and Sawn Wood. Wood Protection conducts operations in wood preservatives. The Joinery product area manufactures processed products from wood such as houses, windows, and doors as well as a broad range of garden products such as fencing, windbreaks, benches, tables, and swimming pool sets. The Sawn Wood product area produces sawn products from two subsidiaries: Vika Wood in Latvia and Laest in Estonia.

Bergs Timber AB (OSTO:BRG B) Headlines

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